This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $102k initial cash invested.
-7.07%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$3,250
Rent
-$600
Cashflow
Cash Flow
$3,250 income − $3,850 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,840
Closing costs
1%
$3,992
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,250
Total Expenses
$3,850
Mortgage P&I
67%
$2,184
Property Taxes
13%
$420
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358